Day 1 Concurrent Session - The Whole Entrepreneur: Designing a Just and Equitable Business Ecosystem for Black and People of Color Businesses
While Black and Latinx residents make up 42% and 15% of the population respectively, they only own 8% and 3% of small businesses in the city. Annually, business owners of color in Philadelphia earn only 13% of revenue compared to their white counterparts. Amidst the COVID-19 pandemic and a renewed pursuit for social justice, United Way of Greater Philadelphia and Southern New Jersey, the City of Philadelphia, and PIDC have embarked on an endeavor to understand and address the unique needs of small businesses owned by Black and people of color, women, and immigrants in Philadelphia.
